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July 1, 2022
Finance Technologies

Santander invests in Brazilian alternative lender a55

Santander InnoVentures, the Spanish banking group’s $200 million corporate venture fund, has invested an undisclosed sum in Latin American alternative small and medium-sized enterprise (SME) lender a55. Though the exact value of Santander’s latest investment in a55 has not been disclosed, the bank did say it was leading the fintech’s $3 million seed round, which is exceeding $5 million made up of various investors. The latest fintech start-up to receive capital from the venture fund, which has invested in more than 30 fintechs over the last six years, provides liquidity solutions for recurring revenue companies based in Brazil and Mexico.…
Santander invests in Brazilian alternative lender a55

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